Media industry website Mediaite reported Friday that “conservative fat cats” are considering the formation of a new conservative media outlet.

According to Mediaite’s report, the pace of the “serious discussions” has been picking up in the wake of rumors suggesting additional changes are in store at Fox News. A source reportedly told Mediaite that “two prominent high-powered television executives, some underperforming conservative networks and people who have an interest and the ability to fund a new network” are meeting Friday to discuss creating a rival to Fox News.

The group is concerned that Fox News is moving too far left and that an alternative to the conservative media powerhouse would be well received by audiences angry with the television network’s new direction.

On Thursday, Gabriel Sherman of New York Magazine reported a “management shake-up” could be in the works at Fox News. Sources close to Bill Shine, co-president at Fox News, told New York Magazine that James Murdoch, the news network’s CEO, and Lachlan Murdoch, the co-chairman, were unwilling to issue a statement backing Shine after Shine requested the Murdochs provide a public show of support.

In reaction to the report, Fox News host Sean Hannity wrote on Twitter Thursday afternoon: “Gäbe i pray this is NOT true because if it is, that’s the total end of the FNC as we know it. Done. Best Sean.”

If Shine is replaced, it’s possible Hannity could be the next Fox News star to depart the network. Hannity has a long history with Shine, who once served as Hannity’s producer before working his way up to one of the top positions at the network.

An unnamed television executive who claims to be involved in the talks to form a new network told Mediaite he doesn’t believe Hannity and Fox News will have “a long relationship.”

“I just don’t see Fox News and Sean having a long relationship,” the source said. “If Sean becomes available, you have 100 percent turnover in primetime and a huge opportunity.”

Hannity was responding to reporting by New York Magazine’s Gabriel Sherman indicating that Fox News co-President Bill Shine asked Rupert Murdoch’s sons, James and Lachlan, to issue a statement of support, but they refused.

But privately, Shine is expressing concern about his future at the network. According to three sources briefed on the conversations, Shine has told friends he recently asked Rupert’s sons James and Lachlan — the CEO and co-chairman, respectively, of network parent company 21st Century Fox — to release a statement in support of him, but they refused to do so. The sources said Shine made the request because of withering press coverage of Fox News in recent weeks. A source added that Shine has privately complained that Rupert “isn’t fighting for him” in the press, which is why he wanted explicit support from the sons.

Shine, through a Fox News spokesman, reportedly denied personally going to the Murdochs for a statement. Further, a Murdoch spokesperson denied the report as well.

Hannity later added even more mystery by tweeting that someone “high up” at Fox News is “trying to get an innocent person fired.”

The Rupert sons are left-leaning if not outright leftists. Both of their wives are both lefties. James' wife works for the Clintons. And it's rumored both wives wanted O'Reilly out even before the "scandal." With the sons now in control, it doesn't take much thought to understand that FOX is headed left.

It has often been lamented that the Democrats are seeking to destroy its opposition. We are seeing proof almost daily. And they aren't just seeking to destroy political opponents. Conservative speakers, radio & television personalities, businesses, laws, etc. are all under attack.

I hope a new, conservative media outlet is developed regardless of what happens to FOX.

I think the way of future broadcasting will be streaming what you want to watch. Beck was ahead of the curve on this, I think. If OReilly and a few others streamed programming for a few hours each evening, people would pay just like they do for Blaze and CRTV. I also think cable tv will be forced to offer basic channels (like only 6-10) at a low cost, and then the customer adds on their choices in batches of 5, or something like that....a customizing of sorts. It's the only way they'll be able to compete with Amazon, Netflix, Hulu and stuff like that.

O'Reilly has his No Spin News podcast starting 05/01 for Premium members. I do like your idea of basic channels with add-ons. Right now packages include a LOT of channels we don't watch just so we can get the one or two in the pkg. that we do.

Mark Levin has talked about how they go after the sponsors like they did with O'Reilly. He also believe streaming and paid subscriptions are the way to go as they are insulated from this sort of attack.